Parliament holds its nineteenth session

[yota691]

Parliament holds its nineteenth session

 

 

 127 Policy 2020/11/07 14:19 am Baghdad today -

Baghdad Today, Saturday (November 07, 2020), the House of Representatives held its nineteenth session, whose agenda was the reading of the fiscal deficit financing bill, in addition to other laws. The Media Department of the Council of Representatives stated in a statement received (Baghdad Today), that "the Speaker of the House of Representatives, Muhammad Al-Halbousi opened the work of the 19th session," noting that "170 deputies attended the session." Earlier in the day, a member of the Parliamentary Finance Committee, Jamal Cougar, said that borrowing could not continue for dual salaries and space workers, while indicating the need for economic reforms. Cougar said, in a press statement, that "the government's continued borrowing, without making economic reforms, means that Iraq will go towards economic collapse." He added, "It is unreasonable for Parliament to vote on the borrowing law, to pay salaries to aliens and double-wages," noting that "Al-Sadr's recent tweet regarding the law came at the appropriate time." Cougar pointed out that "the distribution of employees' salaries depends on the Minister of Finance, Ali Allawi, and not on the law on financing the fiscal deficit," noting that "Parliament is awaiting the arrival of the 2021 Budget Law." And on the date of passing the law on financing the fiscal deficit, a member of the Finance Committee confirmed, "The House of Representatives will start today the second reading, and it will be voted on after four days in accordance with the Parliament's bylaw."

[yota691]

Parliament holds its session chaired by Al-Halbousi

•  Time: 11/2020 07 14:20:07
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•  Read: 1,456 times

  

(Baghdad: Al Furat News) The House of Representatives held, on Saturday, its 19th session chaired by its president, Muhammad Al-Halbousi, and the presence of 170 deputies.

The media department of the council stated, in a press statement, that "the council held its 19th session today in the fourth parliamentary session of the third legislative year of the first legislative term, headed by its president, Muhammad al-Halbousi."
She added, "The session was held in the presence of 170 deputies."

[yota691]

The House of Representatives begins discussing the report of the Finance Committee on the borrowing law

•  Time: 11/07/2020 14:43:51
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•  Read: 1,807 times

  

{Euphrates News: Baghdad} The House of Representatives began today, Saturday, to discuss the report of the Finance Committee on the borrowing law during its session held this afternoon, headed by Parliament Speaker Muhammad al-Halbousi.

The Media Department of the House of Representatives stated that the discussion of the Finance Committee's report on the borrowing law for the purpose of financing the fiscal deficit and securing the salaries of state employees had begun. 

Hazem 

[yota691]

Parliament discusses the report of the Finance Committee on the law on borrowing

Economie

2020-11-07 | 07:47

 

2,652 Views

 

On Saturday, the House of Representatives began discussing the report of the Finance Committee on the borrowing law.
 

The official news agency quoted the council as saying that it "began to discuss the report of the Finance Committee on the borrowing law."

[yota691]

The Finance Ministry reduces the borrowing ratio to 31 trillion, from 41

Editing date: 7/11/2020 15:14 • 12 times read

http://www.alliraqnews.com/uploads/news/image/medium/story_img_5fa68fc31908a.jpg

[Baghdad-Where]
The Parliamentary Finance Committee announced, on Saturday, that the Ministry of Finance reduced the borrowing rate to 21 trillion Iraqi dinars, after it was 41 trillion.

Committee member Ahmed Mazhar Al-Jubouri said, "His committee has conducted several consultations with the Ministry of Finance to discuss the financing of the fiscal deficit (borrowing) law, pointing out that" the ministry reduced the borrowing ratio to 21 trillion after it was 41 and this is a clear indication that the amount of 41 was exaggerated. .

"the committee emphasizes the reduction ratio and scaled , " likely not to vote on the law during the two sessions Monday or Tuesday. "

Al-Jubouri expected "passing the law during next Thursday's session," pointing out that "the government needs 6 to 7 trillion dinars to cover salaries."

For its part, the Parliamentary Finance Committee indicated that "it has documented information and data that the amount of borrowing is exaggerated compared to the disbursement of the previous months, as well as by hosting officials in the Ministry of Finance and knowing the data before it."

She added that she is "keen to pass the borrowing law in a manner that guarantees the disbursement of salaries of employees and retirees, the social protection network and other expenditures, and the implementation of financial and economic reforms by the government.

The leader of the Sadrist movement, Muqtada al-Sadr, warned today, Saturday, against internal and external financial borrowing to fill the deficit in the general budget, and for the sake of He paid the salaries that the federal government had failed to pay on time during the past months, as well as presented a number of points that he considered alternatives to avoid borrowing.

[yota691]

A deputy asks ... where is the 100 billion dinars allocated to Corona spent in the fiscal deficit law?

•  Time: 11/07/2020 15:17:23
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•  Read: 325 times

  

{Al-Furat News: Baghdad} The deputy of the Al-Nahj Parliamentary Bloc, Jamal Al-Muhammadawi, on Saturday, raised a number of observations and questions on the financial deficit financing law, including allocating a hundred billion dinars to the Corona pandemic.

Al-Muhammadawi issued a number of observations and questions in a press release followed by the Al Furat News Agency, where he indicated:

1. It is strange that the government introduced this law in order to cover the necessary borrowing and pressing and pressing exchange resources, and at the same time allocate 3.5 trillion from these borrowed funds to repay debts and allocate (1.25) trillion to pay interest on loans. It is assumed that those who go to borrow In this embarrassing way, the repayment of previous loans and their interest is postponed until the country's financial situation eases.

2. There are overlapping addresses and chapters that need clarification and a statement of the amounts and disbursement resources assigned to them. For example, the tables attached to the law mention the allocation of (132) billion dinars within the title of the Provincial Reconstruction Fund, and the allocation of (261) billion dinars in the title of Governorates Stability, the total of which equals (393) billion dinars for a period Only four months, have the southern governorates been taken into consideration as well, while they are suffering from deprivation at least from the governorates to which these additional allocations are allocated to their share in the development of regions. We ask for detailed information about the projects and their sites for which these amounts have been allocated (393) billion dinars.

3. Failure to observe the population percentage criterion in the distribution of investment allocations among governorates, so you find a governorate with fewer inhabitants than another governorate, approximately 800 thousand people, while the amount of the less populated governorate was allocated more than (7) billion dinars

4. The total expenditures allocated to cover the electricity sector amounted to more than five trillion dinars, half of which is to pay the cost of gas imported from Iran, and the rest of the amount is distributed to cover energy imports and the wages of the local investor, while the report of the Office of Financial Supervision on 9/24/2020 indicates that four trillion was spent to purchase equipment And maintenance of the national stations and converting them to work from the simple cycle to the combined cycle, it will produce (5800) megawatts, which is greater than the energy imported and purchased from the investment stations. It is spent only once, while import wages and local investor wages are paid annually with this large amount.

5. The Deficit Financing Law allocated an amount (679) billion dinars for the cost of producing crude oil exported globally for a period of four months only, and the details of this resource have not been clarified, and whether the cost of oil production from fields that are managed other than the federal authority that do not receive the federal government Its revenues were calculated in this section of expenditures?

6. The attached schedule to the Deficit Financing Law included allocations for the Kurna pandemic program, amounting to 100 billion dinars 

We demand a detailed list of the chapters and resources for which this amount is allocated?

[gregp]

9 minutes ago, yota691 said:The Finance Ministry reduces the borrowing ratio to 31 trillion, from 

Al-Jubouri expected "passing the law during next Thursday's session," pointing out that "the government needs 6 to 7 trillion dinars to cover salaries.

#Yota

[jake21]

Thursday's a long time away and its Iraq, just saying 

Edited November 7, 2020 by jake21

[yota691]

Parliament votes on the law on Iraq's accession to the Asian Investment Bank agreement

•  Time: 11/07/2020 15:38:39
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•  Read: 663 times

  

{Baghdad: Al Furat News} The House of Representatives voted to vote on a bill for the Republic of Iraq to join the Asian Investment Bank's infrastructure agreement.

The Media Department of Parliament said in a press statement that "the House of Representatives voted on the draft law on the accession of the Republic of Iraq to the Asian Investment Bank Infrastructure Agreement."
He added, "The House of Representatives voted on the draft law on the accession of the Republic of Iraq to the Second Protocol to the Hague Convention of 1954 on the protection of cultural property in the event of armed conflict."
The statement continued, "Parliament postponed the vote on the draft law ratifying the United Nations Convention on Transparency in Treaty-based Arbitration between Investors and States to its next session."
Ali al-Rubaie

[yota691]

Parliamentary Finance objects to the failure to submit the draft budget law for 2020

•  Time: 11/07/2020 15:46:09
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•  Read: 3,068 times

  

{Baghdad: Al Furat News} The Parliamentary Finance Committee objected, on Saturday, to the failure to submit the draft budget law for the year 2020.

A statement by the Parliament's Media Department stated that "the Parliamentary Finance Committee has expressed its objection to not submitting the draft of the General Budget Law for the year 2020, contrary to the Federal Financial Management Law."
Ali al-Rubaie

[yota691]

In documents ... Parliamentary Finance expresses its opinion on the draft borrowing law

•  Time: 11/07/2020 15:53:58
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•  Read: 3,380 times

  

{Baghdad: Al Furat News} On Saturday, the Parliamentary Finance Committee expressed its opinion on the draft law on financing the fiscal deficit.

In the following documents obtained by {Al Furat News} clarify the points that the Parliamentary Finance Committee made regarding the borrowing law.
Ali al-Rubaie

[yota691]

With documents ... the recommendations of the government program implementation monitoring committee regarding the "fiscal deficit" law

•  Time: 11/07/2020 16:06:45
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•  Read: 1,612 times

  

{Baghdad: Al Furat News} The Committee to Monitor the Implementation of the Governmental Program and Parliamentary Strategic Planning issued recommendations on the draft law on financing the fiscal deficit.

[yota691]

Parliament Finance submits 16 notes on the borrowing law to finance salaries and settles its position

 

1,483 Policy 2020/11/07 15:58 Baghdad Today -

Baghdad The Finance Committee of the Iraqi Parliament presented 16 observations regarding the draft law to bridge the budget deficit. In the opinion of the committee regarding what is known as the borrowing law, there were several objections and observations, while noting that the government has not yet sent the draft 2020 budget to Parliament. This is the opinion of the Finance Committee, regarding the deficit settlement law, as explained below: Won't load

[yota691]

An Iraqi representative calls for re-education, according to solid preventive measures

•  Time: 11/07/2020 16:50:23
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•  Read: 1,092 times

  

(Baghdad: Al-Furat News) The representative of the Iraqi coalition, Hassan, supported, on Saturday, the need to restore education in Iraq according to solid preventive measures.

Fadam said in a tweet followed by the Al Furat News Agency, "Education must be restored in Iraq and an appropriate preventive method should be found and not arrested under any circumstances."

He continued, "Unfortunately, we have not seen any interest from the Ministry of Education and the Ministry of Health in this matter until now."

The Parliamentary Crisis Cell had earlier informed {Euphrates News} that it expected the start of the school year to be postponed due to expectations of high numbers of injuries with the entry of winter weather.

Raghad Daham

 

[yota691]

The House of Representatives completes the report and discussion of the financing deficit bill

•  Time: 11/07/2020 17:16:58
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•  Read: 1,976 times

  

{Baghdad: Al Furat News} The House of Representatives in its regular session held today, Saturday, completed the report and discussion of the draft law on financing the fiscal deficit.

[yota691]

Parliament finalizes the report and discussion of the draft fiscal deficit financing bill

 14 minutes ago

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The House of Representatives completed, on Saturday, the report and discussion of the bill to finance the fiscal deficit.

A parliamentary source said in a press interview, "The House of Representatives, in its session held today, Saturday, completed a report and discussion of a bill to finance the fiscal deficit."

[yota691]

Parliament finalizes the report and discussion of the draft law ratifying the agreement to avoid double taxation between Iraq and Kuwait

•  Time: 11/07/2020 17:33:57
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•  Read: 1,235 times

  

{Baghdad: Al Furat News} The House of Representatives finished in its regular session, today, Saturday, the report and discussion of the draft law ratifying the agreement to avoid double taxation and prevent financial evasion with regard to taxes on income and capital between the government of the Republic of Iraq and the government of the State of Kuwait.

Wafa Al-Fatlawi

[yota691]

Parliament finalizes the report and discussion of the draft law for Iraq's accession to the Convention on the Recognition and Implementation of Foreign Arbitration Decisions

•  Time: 11/07/2020 17:39:09
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•  Read: 364 times

  

{Baghdad: Al Furat News} The House of Representatives finished in its regular session, today, Saturday, the report and discussion of the draft law on the accession of the Republic of Iraq to the Convention on the Recognition and Implementation of Foreign Arbitration Decisions (New York 1958).

Wafa Al-Fatlawi

[yota691]

Parliament ends the report and discussion of a bill to cancel a law on paid study leave and the Arab recommendation

•  Time: 11/07/2020 17:43:40
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•  Read: 1,495 times

  

 

The House of Representatives finalizes the report and discussion of the draft law abolishing Law No. 127 of 1981 Ratification of the Arab Labor Convention No. 10 of 1979 regarding paid study leave and the Arab Recommendation No. 3 of 1979 attached thereto

[yota691]

The House of Representatives raises its session to next Monday

•  Time: 11/07/2020 17:48:36
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•  Read: 1,339 times

[nannab]

Good morning Yota  

[horsesoldier]

Wonder if Barry Manilow knows this guy is wearing his clothes at the Green Zone's Baghdad Bar, Goat Grill & Karaoke.

 

[yota691]

Most notably, the financial deficit .. Parliament ends reading 5 laws

Sunday 08th November 2020 42

 

 Baghdad: Morning

 

Yesterday, Saturday, the House of Representatives finished reading five laws, including the Fiscal Deficit Financing Law, while the Finance Committee expressed its reservation on not submitting the budget bill for the year 2020 and the existence of a clear exaggeration in the estimates of the amount of borrowing.

The Iraqi street is awaiting from the parliament the "final and decisive position" of the disability law in order to release the salaries of employees that have passed more than 20 days from the date of their disbursement, as it also has economic effects on local markets and the movement of trade.

Council Chairman Muhammad al-Halbousi stressed, according to a statement, the need to support the government in its measures of reforms in all levels and strengthen the foundations of the economy, calling on the government to take preventive measures to address the decline in global oil prices and the Finance, Economy and Investment Committees to provide the necessary requirements to achieve the desired reform in the way 

In the supreme interest of the country.

During the session chaired by Hassan Al-Kaabi, First Vice President of the Council, the Council finished reading a report and discussing the draft law on financing the fiscal deficit submitted by the Financial Committee.

The Finance Committee expressed its reservation on not submitting the draft federal budget law for the year 2020 and the existence of a clear exaggeration in the estimates of the amount of borrowing, calling for reducing all items of expenditures and limiting them to the necessary priorities and supporting investment projects according to disbursement mechanisms that adopt fair distribution.

She also stressed the need for a prudent policy to manage public debt in coordination with monetary policy, control lost revenues from customs ports, and automate customs and tax collection, as well as collect debts owed by telecommunications companies and institutions operating in Iraq.

On the other hand, the Council postponed the vote on the draft law on ratification of the agreement to accelerate cooperation in the economic field and energy affairs between the government of the Republic of Iraq and the government of the Republic of South Korea submitted by the committees on foreign relations, oil, energy, natural resources, economics and investment until it is studied by the council members.

The Council voted on the draft law on the accession of the Republic of Iraq to the Second Protocol to the Hague Convention of 1954 for the protection of cultural property in the event of armed conflict submitted by the Committees on Foreign Relations, Culture, Tourism and Antiquities to enhance the protection of cultural property in the event of armed conflict and for the purpose of protection over movable cultural property by strengthening legal protection And criminalizing the people who commit it.

The vote has also postponed the draft law on ratification of the United Nations Convention on Transparency in Treaty-based Investor-State Arbitration and the proposal for the First Amendment Law of the Judicial Supervision Authority Law No. (29) of 2016.

The Council voted on the draft law on joining the Republic of Iraq to the AIIB’s infrastructure agreement submitted by the Foreign Relations, Economy and Investment Committees, in order to build and rehabilitate infrastructure in Iraq and diversify its financing sources.

The Council also completed the reading of the report and discussion of the draft law ratifying the agreement to avoid double taxation and prevent financial evasion with regard to taxes on income and capital between the government of the Republic of Iraq and the government of the State of Kuwait submitted by the Foreign Relations Committee.

The Council completed the reading of the report and the discussion of the draft law on the accession of the Republic of Iraq to the Convention on the Recognition and Implementation of Foreign Arbitration Decisions (New York 1958) submitted by the Foreign Relations and Legal Committees.

The Council completed the reading of the report and discussion of the draft law abolishing Law No. (127) of 1981, the Ratification Law of the Arab Labor Convention No. (10) of 1979 regarding paid study leave, and the Arab Recommendation No. (3) of 1979 attached to it submitted by the Foreign Relations Committee.

The Council concluded reading the report and discussing the draft law on the accession of the Republic of Iraq to the International Convention on Oil Pollution Preparedness, Response and Cooperation (OPRC90) of 1990 submitted by the Foreign Relations Committee, while it decided to adjourn the session to tomorrow, Monday.